Arizona State Retirement System Has $30.64 Million Holdings in Chubb Limited (NYSE:CB)

Arizona State Retirement System raised its position in shares of Chubb Limited (NYSE:CB) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,902 shares of the financial services provider’s stock after buying an additional 295 shares during the period. Arizona State Retirement System’s holdings in Chubb were worth $30,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Chubb by 41,494.7% during the fourth quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock valued at $224,566,000 after purchasing an additional 810,807 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after purchasing an additional 389,343 shares in the last quarter. Barclays PLC raised its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Chubb by 8,398.0% during the 3rd quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider’s stock worth $79,232,000 after buying an additional 271,507 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of CB opened at $284.02 on Wednesday. The firm’s 50 day moving average price is $271.45 and its two-hundred day moving average price is $280.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The firm has a market cap of $114.49 billion, a P/E ratio of 12.50, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $299.27.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.